XAU +30 +9 +18 (observation)
It required a bit more time than I hoped, but there are results. All analysis in the chart. The orange lines are BE, green lines TP. Ended with 4rd "whole reading" Dee PDFs, and started read bok - Trading Rules that Work. In the capitol which I first convicted as "I will read it fast, nothing interest for me here" I found another gold and instead of that I was reading it for 1 hour
.. It will not be quoted but it was in capitol about TimeFrames - "Do not be mad after entry if price is not going your way at that moment, give it chance develope itself because if you trade 1 hour chart do not forget that there are still traders on the lower timeframes who are trying to get maximum from their TPs, which can be and very often are on the opposite side".
Same situation we can see at Renko charts, and any other types of charts. Even if you trade 15sec or 10sec charts, there is still some son of god damn redbull, who is able to trade lower TFs. But it is not all about lower and lower TFs ! If you watch only small TFs, you will lose a picture about what is happening on the higher one, and that could be fatal as well. But I have seen this using someone yet.. I know ! The Philippine was who learned this Jason Alan Jankovsky and he after that wrote it into book.
Edit: The chart is 3 pip Renko
It required a bit more time than I hoped, but there are results. All analysis in the chart. The orange lines are BE, green lines TP. Ended with 4rd "whole reading" Dee PDFs, and started read bok - Trading Rules that Work. In the capitol which I first convicted as "I will read it fast, nothing interest for me here" I found another gold and instead of that I was reading it for 1 hour
.. It will not be quoted but it was in capitol about TimeFrames - "Do not be mad after entry if price is not going your way at that moment, give it chance develope itself because if you trade 1 hour chart do not forget that there are still traders on the lower timeframes who are trying to get maximum from their TPs, which can be and very often are on the opposite side". Same situation we can see at Renko charts, and any other types of charts. Even if you trade 15sec or 10sec charts, there is still some son of god damn redbull, who is able to trade lower TFs. But it is not all about lower and lower TFs ! If you watch only small TFs, you will lose a picture about what is happening on the higher one, and that could be fatal as well. But I have seen this using someone yet.. I know ! The Philippine was who learned this Jason Alan Jankovsky and he after that wrote it into book.
Edit: The chart is 3 pip Renko
. Maybe, his results are not so impressive as others veteran members there in forum, but they are impressive as much as anyone else results (maybe someone will understand me). I like his equity posting, look at that - first posts with approximately 8 lots and the last posts from him about 20-30 lots, the live picture of patience, confidence and experience. Nice to see him use some exact pieces of analysis which do we use as well in this thread. It only confirms the idea, that you do not need the latest version of indicators, or (god forbid) the paid magic indicators for xxx $ to see something what anybody else can not see, it is still about the hundred years old analysis and rules again and again.
